The Conceptual Meaning of Globalization

Globalization is viewed as a step toward a fully integrated world market 1,2 and as a key ingredient of a global society 3 . Globalization is also seen by some academics as a borderless world 4 . Brown 5 expounds on globalization as large-scale openness of borders accomplished by loosening state regulations to promote rapid financial transactions, trade, communications, and other social and cultural activities. More precisely, globalization is a phenomenon that encourages international...